Funding you earn now, next payment 04:00 UTC+0.1134%/8h= +124.2% APRnext payment +$5.67 per $10,000 · paid last 24h +0.242%
Price spread now: Bybit against Gate−0.253%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.279%+$28 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Bybit is 0.253% cheaper against Gate than usual: you would sell low and buy high (spread −0.253% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 18 hours of funding at the current rate (+$34 a day). At the pace of the last 7 days (+0.279% in total) that is about 6.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.279% in total (about 14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate THE_USDT | 0.08310 | 0.0100 | pay 0.0050% / 4h | 1h 21m | $67K | $77K | 10x |
| Short | Bybit THEUSDT | 0.08289 | 0.1234 | get 0.0617% / 4h | 1h 21m | $561K | $432K | 20x |
Gate THE_USDT
Bybit THEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $238.14
- Price spread: −0.253% → 0.000%
- −$25.27
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $186.87
- Costs to cover
- 0.260%
- Break-even
- 1.5 days
Slippage unknown: Gate: no order-book sample; Bybit: live order book, 34 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 34 min ago | 3.66 bp | 147.4 bp −$147 | doesn't fit | doesn't fit | doesn't fit |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
THE on 9 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate THE_USDTlong | +0.0100% | 4h | 0.08310 | long leg | $67K | $77K | 10x | |
| Bitget THEUSDT | +0.0100% | 4h | 0.08291 | −0.229% | $437K | $365K | 10x | as long as short |
| KuCoin THEUSDTM | +0.0184% | 4h | 0.08291 | −0.229% | $121K | $105K | 10x | as long as short |
| Aster THEUSDT | +0.0567% | 4h | 0.08301 | −0.112% | $4K | $11K | 5x | as long as short |
| Binance THEUSDT | +0.0590% | 4h | 0.08296 | −0.168% | $2.2M | $4.6M | 10x | as long as short |
| MEXC THE_USDT | +0.0590% | 4h | 0.08296 | −0.168% | $195K | $142K | 50x | as long as short |
| BloFin THE-USDT | +0.0596% | 4h | 0.08309 | −0.012% | $144K | $5K | 50x | as long as short |
| BingX THE-USDT | +0.1158% | 4h | 0.08304 | −0.072% | — | $6.5M | — | as long as short |
| Bybit THEUSDTshort | +0.1234% | 4h | 0.08289 | −0.253% | $561K | $432K | 20x |
Bitget THEUSDT
KuCoin THEUSDTM
Aster THEUSDT
Binance THEUSDT
MEXC THE_USDT
BloFin THE-USDT
BingX THE-USDT